Sales

Has Demand for Luxury Cars Peaked?

May 24, 2019 at 1:26 PM

Worldwide demand for luxury vehicles has plateaued, thereby threatening the business model of Germany’s Audi, BMW and Mercedes-Benz brands, says Jefferies Group LLC.

Thai Auto Exports Drop to 2-Year Low

May 24, 2019 at 1:31 AM

Thailand new-vehicle exports slumped 8% to 67,100 units in April, their smallest volume in two years, the Federation of Thai Industries says.

Global Auto Industry Shedding at Least 38,000 Jobs

May 23, 2019 at 10:04 AM

The world’s major carmakers have announced plans within the past six months to trim at least 38,000 hourly and salaried jobs, and more cuts may be on the way, says Bloomberg News.

Truck Sales in Europe Jump 8%

May 23, 2019 at 2:24 AM

Registrations of commercial vehicles across Europe climbed 8% to 223,300 units in April, their biggest monthly gain all year.

Tesla Cuts Prices on Its Most Expensive Models, Again

May 22, 2019 at 2:18 AM

Tesla Inc. has lowered the base prices for its costliest electric cars for the second time this year.

U.S. Used-Car Prices on the Rise

May 21, 2019 at 2:49 PM

Used-car prices in the U.S. rose 2% in January-April compared with the same period last year, according to J.D. Power Valuation Services.

Hyundai Targets Sales of 5,000 Fuel Cell Cars This Year

May 21, 2019 at 9:51 AM

Hyundai Motor Co. says it already has surpassed 2018’s full-year sales for its Nexo fuel cell vehicle, and the company predicts a fivefold increase by year-end.

April Car Sales Slip 1% in Europe

May 17, 2019 at 2:31 AM

New-car sales across Europe dipped to 1.34 million units in April from 1.35 million a year earlier. January-April deliveries fell 3% to 5.49 million units vehicles.

Light Vehicle Sales in Russia Slip 3%

May 15, 2019 at 1:17 PM

Sales of passenger car and light commercial vehicles in Russia declined to 148,300 units in April from 152,400 vehicles a year ago.

Car Wholesales in India Drop 20%

May 15, 2019 at 2:13 AM

Factory sales of passenger vehicles in India plunged 20% to 160,300 units last month, the Society of Indian Automobile Manufacturers reports. The drop was the steepest in eight years.

Global Sales of Light Vehicles Fall 7%

May 14, 2019 at 1:00 PM

Worldwide deliveries of passenger cars and light commercial vehicles totaled 7.20 million units in April, down 7% from the same month last year, LMC Automotive reports.

Car Wholesales in China Drop 15%

May 13, 2019 at 2:34 PM

Factory shipments of passenger vehicles to dealers in China shrank 15% to 1.98 million units in April, according to the China Assn. of Automobiles Manufacturers.